$Dassault Systemes SA(DASTY)$ -To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Dassault Systemes SA(DASTY)$ 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis
This is a quiet transition story the market is still doubting.
Dassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath.

📊 Inflection status: STABILIZING → EARLY POSITIVE
Qualitative improvement ahead of reported growth.

Atomic evidence:
• Subscription revenue +16% Q3’25 (vs +9% last year)
• Recurring revenue mix 86% (+300 bps YoY)
• Non-IFRS op margin 30.1% (+100 bps)
• Industrial Innovation +9% Q3’25, accelerating
• 3DEXPERIENCE Cloud +36% Q3’25

⚠️ Bottleneck:
Medidata -3% growth and auto OEM volume contraction delaying top-line inflection.

💰 Price-conditioned valuation:
At **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.

🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.
🤖 AI-assisted analysis

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Headline growth looks soft, but revenue quality and margins are improving underneath.\n<br>\n<br>\n📊 Inflection status: STABILIZING → EARLY POSITIVE\n<br>\nQualitative improvement ahead of reported growth.\n<br>\n<br>\nAtomic evidence:\n<br>\n• Subscription revenue +16% Q3’25 (vs +9% last year) \n<br>\n• Recurring revenue mix 86% (+300 bps YoY) \n<br>\n• Non-IFRS op margin 30.1% (+100 bps) \n<br>\n• Industrial Innovation +9% Q3’25, accelerating \n<br>\n• 3DEXPERIENCE Cloud +36% Q3’25\n<br>\n<br>\n⚠️ Bottleneck:\n<br>\nMedidata -3% growth and auto OEM volume contraction delaying top-line inflection.\n<br>\n<br>\n💰 Price-conditioned valuation:\n<br>\nAt **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.\n<br>\n<br>\n🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.\n<br>\n🤖 AI-assisted analysis<img src=\"https://community-static.tradeup.com/news/f4c0c67f759e383dd0584ac0232821bf\" tg-width=\"2816\" tg-height=\"1536\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/DASTY\">$Dassault Systemes SA(DASTY)$</a> 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis\n<br>\nThis is a quiet transition story the market is still doubting.\n<br>\nDassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath.\n<br>\n<br>\n📊 Inflection status: STABILIZING → EARLY POSITIVE\n<br>\nQualitative improvement ahead of reported growth.\n<br>\n<br>\nAtomic evidence:\n<br>\n• Subscription revenue +16% Q3’25 (vs +9% last year) \n<br>\n• Recurring revenue mix 86% (+300 bps YoY) \n<br>\n• Non-IFRS op margin 30.1% (+100 bps) \n<br>\n• Industrial Innovation +9% Q3’25, accelerating \n<br>\n• 3DEXPERIENCE Cloud +36% Q3’25\n<br>\n<br>\n⚠️ Bottleneck:\n<br>\nMedidata -3% growth and auto OEM volume contraction delaying top-line inflection.\n<br>\n<br>\n💰 Price-conditioned valuation:\n<br>\nAt **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve.\n<br>\n<br>\n🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does.\n<br>\n🤖 AI-assisted analysis<img src=\"https://community-static.tradeup.com/news/f4c0c67f759e383dd0584ac0232821bf\" tg-width=\"2816\" tg-height=\"1536\"></body></html>","text":"$Dassault Systemes SA(DASTY)$ 🛠️ Dassault Systèmes (DSY.PA) — Inflection Analysis This is a quiet transition story the market is still doubting. Dassault is shifting from license-led PLM to a subscription-first 3DEXPERIENCE model. Headline growth looks soft, but revenue quality and margins are improving underneath. 📊 Inflection status: STABILIZING → EARLY POSITIVE Qualitative improvement ahead of reported growth. Atomic evidence: • Subscription revenue +16% Q3’25 (vs +9% last year) • Recurring revenue mix 86% (+300 bps YoY) • Non-IFRS op margin 30.1% (+100 bps) • Industrial Innovation +9% Q3’25, accelerating • 3DEXPERIENCE Cloud +36% Q3’25 ⚠️ Bottleneck: Medidata -3% growth and auto OEM volume contraction delaying top-line inflection. 💰 Price-conditioned valuation: At **€23.35 (20 Jan 2026)**, DSY trades near ~17–18x FY25 EPS, pricing in permanent low-single-digit growth and ignoring the subscription J-curve. 🧠 Verdict: Buy. Margins and recurring mix are telling the truth before revenue does. 🤖 AI-assisted analysis","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/524778509133368","repostId":0,"isVote":1,"tweetType":1,"viewCount":173,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["DASTY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":888,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/524778509133368"}